Hands-on Exercise No.

1 Total Marks: 10
Batch: 3
QuickBooks Due Date: 25-04-2019

Instructions:
Please read the following instructions carefully before submitting this Hands-on Exercise:
 Use MS Word to prepare exercise solution.
 You may consult tutorials and videos if the concept is not clear.
 Your submitted exercise will not be considered/counted if:
 It is submitted after due date.
 It is not in the required format (.doc or docx.)
 It does not open, or file is corrupt.
 It is copied (partial or full) from any source (websites, forums, students, etc.)

Learning Outcome:

After completing this exercise, you shall be able to:

 Create a company profile in QuickBooks

 Select appropriate tool for company type and sales tax
 Select “Chart of Accounts”
 Differentiate either to go for estimates or not
 Problem Statement

Provide Screen Shots for all of the following steps:

1. Create a Company of your own choice using Advance Setup option.

2. Use your home or any address as your company official address.
3. The type of the company is “Manufacturing” as Partnership.
4. Fiscal year for the company will be taken from 1st January to 31st December.
5. The company deals in services as well as products and charges Sales Tax as well.
6. Company creates estimates for quotes, bids and send billing statements to its customers.
7. Due to nature of the work, company does Progress Invoicing and keeps track of its payable bills owed
to vendors.
8. Select all Account Head in the Chart of Accounts for use.

BEST OF LUCK 
How to take screenshots - Different Methods:

QuickBooks is open and visible on the screen:

Method 1: Press “Windows logo key + PrtScn key”, It will take a screenshot and save it automatically to
C:\Users\[YOUR COMPUTER NAME]\Pictures\Screenshots

Method 2: Press the “PrtScn” key and paste it to MS Word.

Method 3: Press “Windows + Shift + S”. Your screen will appear grayed out and your mouse cursor will
change. Click and drag on your screen to select the part of your screen you want to capture. A screenshot
of the screen region you selected will be copied. You can paste it in the MS Word by pressing Ctrl + V.
*To solve the Hands-on Exercise, you need to paste all the screenshots in MS word with the mentioned
tasks and Save it.

How to submit solution file on LMS??

Please perform the following steps for submitting your solution using LMS:

1) Login to the LMS

2) Click on the Exercises button within the My Activities section

3) Click on the submit button to upload your Solution.

4) Please upload your Solution file in .doc or .docx format